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Office market starts shifting in landlords' favour again

Take-up rate for new Grade A space in the CBD was better than expected this year amid a rosier economic outlook

The offices in the Marina One development occupy the two taller towers behind the two residential towers in the foreground. The mixed development also has a retail component.


IT TOOK a while, but the high end of Singapore's office rentals finally hit the bottom this year - earlier than expected.

This was because the take-up rate for Grade A office space in new developments in the Central Business District (CBD) was more robust than anticipated...